Timberland Bancorp's First Fiscal Quarter Net Income Increases to $6.86 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2025
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Source: Newsfilter
Financial Performance: Timberland Bancorp reported a 12% increase in earnings per share to $0.86, with net income rising to $6.86 million for the quarter ending December 31, 2024. Key profitability metrics such as return on average assets and equity also improved, alongside an expanded net interest margin of 3.64%.
Community Engagement: The company successfully partnered with the Federal Home Loan Bank to secure grants for 43 local non-profit organizations, resulting in a total donation of $772,000 aimed at advancing housing and community development in its service areas.
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About TSBK
Timberland Bancorp, Inc. is the holding company for Timberland Bank (the Bank). The Bank primarily serves consumers and businesses across Grays Harbor, Thurston, Pierce, King, Kitsap and Lewis counties, Washington with a full range of lending and deposit services through its 23 branches. The Bank is a community-oriented bank which has traditionally offered a variety of savings products to its retail and business customers while concentrating its lending activities on real estate mortgage loans. Its lending activities have been focused primarily on the origination of loans secured by real estate, including residential and commercial / multi-family construction loans, one- to four-family residential loans, multi-family loans, commercial real estate loans, and land loans. The Bank also provides commercial business loans and other consumer loans. It also provides cash management, merchant services, remote deposit, online and mobile banking, online bill pay, and financial planning services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Timberland Bancorp Announces 3.6% Dividend Increase
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- Payment Schedule: The dividend is payable on February 27, with a record date of February 13 and an ex-dividend date also set for February 13, ensuring shareholders receive their earnings promptly.
- Investor Confidence Boost: By consistently increasing dividends, Timberland Bancorp not only enhances shareholder return expectations but also strengthens market confidence in its future financial health.
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